Category: Events

Removal Of Basic Customs Duty Of 5-11% To Lower Prices Of 17 Expensive Treatments Prices of 17 expensive cancer medicines, including Ribociclib and Venetoclax, and of seven rare disease drugs, like primary hyperoxaluria and cystinosis, are expected to dip after removal of basic customs duty in the Budget. This would lead to lowering of landed...

India’s captain Suryakumar Yadav and Pakistan’s captain Salman Agha (AP Photo/Altaf Qadri) Pakistan captain Salman Ali Agha has broken his silence after the decision was taken not to allow the team to take the field against India in the Men’s T20 World Cup clash scheduled for February 15. While the Pakistan government has cleared the...

Generative image GUWAHATI: Union finance minister Nirmala Sitharaman unveiled in Union Budget a Rs 500-crore special development package for projects proposed by United Liberation Front of Assam (Ulfa) — the first tranche of a Rs 5,000-crore fund to be disbursed over five years under a 2023 peace accord between Centre, Assam govt and the militant...

Amnesty on hidden foreign assets in Budget 2026 In a bid to resolve long-pending cases of inadvertent overseas asset non-disclosures and to encourage voluntary compliance, the Budget has proposed a fresh amnesty window for small taxpayers, alongside a relaxation of prosecution norms under the Black Money law.Under the proposed Foreign Assets of Small Taxpayers –...

File photo The special Budget-day trading session on Sunday proved a painful one for the markets, which were left shell-shocked by the hike in Securities Transaction Tax (STT) on derivatives. This led to a sharp sell-off that pulled the sensex down by over 1,500 points — its biggest points loss on a Budget day —...

.File photo NEW DELHI: The Union Budget has made an allocation of Rs 95,692.3 crore (central share) for the Guarantee for Rozgar and Ajeevika Mission (Gramin)(G Ram G) Act, the newly launched version of MNREGA.The total budgetary outlay for the rural development department for the year 2026-27 is over Rs 1.9 lakh crore. The revised...

Representative image Climbing gold prices is likely the reason FM changed tax treatment of sovereign gold bonds. Only original SGB buyers will get tax exemption on maturity. Secondary SGB buyers will be taxed on capital gains. This is expected to put a big damper on the secondary SGB market.Govt-backed gold bonds haven’t been issued since...

Representative image The Finance Bill, 2026 tightens the compliance screws on crypto assets, expanding reporting and sharpening penalties from April 1, 2026, while leaving tax rates unchanged. Crypto exchanges, wallet providers and intermediaries must now report transaction details to tax authorities, aligning India with the OECD’s crypto-asset reporting framework. The VDA (virtual digital assets) definition...

Finance minister presenting budget Signalling a shift in employment strategy, the Budget, instead of announcing how many jobs will be created, focuses on building conditions for sustainable work, with skilling, services and sector-led ecosystems emerging as core pillars. A high-powered education–employment–enterprise standing committee will map skill gaps, identify high-employment service sub-sectors and assess AI’s impact...

Environmentalists see the Budget as a missed opportunity to tackle the health emergency. NEW DELHI: The Union Budget 2026–27 on Sunday cut allocation for pollution control at a time when the toxic air quality of Delhi-NCR and the Indo-Gangetic Plains has set off alarm bells on an unfolding public health crisis.The Centre has allocated Rs.1,091...